Saturday, October 27, 2012

Weekend Update: Corporate Earnings, Jobs Report in Focus

The week to come is choke full of data points to be priced in by the market.  Many big names report quarterly earning throughout the week.  Right out of the gate on Monday Baidu(BIDU) and Burger King(BKW) report, after and before the close respectively.  Tuesday the 30th sees Eaton Corp (ENT) and Deutsche Bank (DB), and BP(BP) report, while General Motors (GM) will host its conference call before the open on Wednesday morning.  Exxon and Chevron report on Thursday and Friday respectively.

The flurry of corporate names reporting should set the tone for risk sentiment going into the all important jobs report, expected to come in at 145k, released at 8:30 AM EST on Friday.  Considering all this, and with the specter of an ultra close US presidential election weighing on some market participants, we're in for a volatile week. 

No comments:

Post a Comment